Wear the old coat and buy the new book

My Grandma always told me that a coat was an investment piece and it was a waste of money buying a cheap coat that had to be replaced annually. At this time of year I'd much rather splash my cash on a flight to India than buy a sensible coat so I search for top quality second-hand versions instead.

This 1960's wool coat is Finnish and made by "Hokia Modells". I bought it from a jumble sale back in August for 25p. It's not so different to the Marc Jacob's Winter '09 checked coat currently on sale at Net-a-Porter for £595.

My tips for vintage coat buying:

• Always look out of season, some of my finest coat finds have been on blazing hot summer days when sellers at boot sales, jumble sales and charity shops want them out of the way.
• Check for moth damage as this can lead to the rest of your wardrobe becoming contaminated.
• Dry clean at the end of winter and store in a sealable suit carrier on a cedar wood hanger.
• Carefully inspect for wear and tear. Satin linings, seams and hems can be restitched but worn away cuffs and elbows require costly professional repair.
• Freshen your coat up by tumble drying with a damp muslin sheet sprinkled with a few drops of your favourite essential oil.